The news was revealed by Stripe co-founder Jason Collison during a panel at Tech Crunch Disrupt in New York on Tuesday. He spoke on the complexity of the credit card processing industry, which gives Stripe the advantage to acquire larger companies to service.

“That was a big opportunity for Stripe, but you kind of think that it shouldn’t be,” Collison said. “credit cards are this instrument that everyone has. Fundamentally, these companies bring a very valuable service.” But he then shared his thoughts about fees.“It makes it very difficult for merchants to manage their businesses,” he said. “There is no cost to using Stripe. We have one clear transaction fee and that’s it”.